Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$125,328$125,328$148,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$31,422$0
Funding fee$0$0$0
Note rate4.170%4.170%7.320%
Blended rate5.020%6.394%7.560%
1st payment$756.76$756.76$1,020.09
2nd payment$0.00$310.95$0.00
Taxes / mo$379.75$379.75$379.75
Insurance / mo$150.00$150.00$150.00
MI / mo$110.01$110.01$29.70
HOA / mo$302.00$302.00$302.00
Total monthly$1,698.52$2,009.47$1,881.54
Cash to close$39,672$8,250$16,500